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Technology Stocks : Walt Disney

DIS 104.47

+1.0%

12:59 PM EST

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To: David Blomquist who wrote (1743)	7/12/1999 8:25:00 PM
From: Chip Roos	Read Replies (1) of 2222

David: I think what happened today is that Wall Street is not impressed with the DIS purchase of SEEK and has concerns that a "net company" that is used to being run with an entrepreneural(spelling??) spirit won't mesh very well with a large corporate structure like Disney. I understand your frustration but as one who bought DIS a few months ago and really loaded the wagon last week, I will tell you that I love the fact that there are problems that are reflected in the price of the stock. Yes the price could drop a few more points but I really think the upside potential is much greater than the downside risk. I don't particularily like Eisner and think with Mr. Wells gone, there is nobody strong enough to keep Eisner's free spending in check. But Disney is a category killer with great brand names and is well diversified. With a bit of luck and hopefully a change in management strategies, this stock could fly. Who knows but you must admit that in today's market, it's hard to find too many companies of Disney's stature that are so undervalued relative to the overall market. Good luck and hang in there. Chip

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